Wall Street sank 2 percent on Thursday as weak U.S. factory data and the fallout of a rare sales warning from Apple Inc fanned fears of slowing growth and spurred the latest leg of a selloff that has sent indexes to their lowest since mid 2017.
A gradual rise by the Japanese yen in recent weeks culminated in a dramatic overnight surge — firing a warning shot for world markets and the global economy in 2019.
OPEC oil supply fell in December by the largest amount in almost two years, a Reuters survey found, as top exporter Saudi Arabia made an early start to a supply-limiting accord while Iran and Libya posted involuntary declines.
Shares of Delta Air Lines Inc dropped 10 percent on Thursday, after the U.S. carrier warned fourth-quarter unit revenue would be slightly below its prior forecast due to the lower-than-expected improvement in last-minute fares booked by travelers.
A sharp drop in Chinese economic growth will hit the profits of U.S. firms but sales by Apple and other American companies should recover once Washington strikes a trade deal with Beijing, a senior White House adviser said on Thursday.
The Dow Jones Industrial Average fell more than 600 points on Thursday as the biggest drop in more than a decade in the ISM U.S. manufacturing index added to nerves over slowing global growth sparked by a revenue warning from Apple.
U.S. stocks slumped on Thursday, after Apple Inc’s rare sales warning exacerbated fears that the Sino-U.S. trade war and a slowing China economy would eat into corporate profits, with weaker-than-expected U.S. factory data adding to nerves.
Grains trader Cargill Inc on Thursday reported a 20 percent drop in its fiscal second-quarter 2019 net earnings, as global trade tensions hit the bottom line along with challenges in the Chinese hog sector and a struggling U.S. dairy business.
General Motors Co said on Thursday that Mark Reuss would succeed Dan Ammann as president, effective immediately, as part of the automaker’s ongoing shift to electric and self-driving vehicles in North America and China.
Apple’s warning on revenue rocked financial markets on Thursday, as investors shunned equities and sought safety in bonds and less risky assets amid renewed concerns about slowing global economic growth and damage from the Sino-U.S. trade war.
U.S. private payrolls increased by the most in nearly two years in December, suggesting sustained strength in the labor market despite ongoing financial market volatility.
Grains trader Cargill Inc on Thursday reported a 20 percent drop in its fiscal second-quarter 2019 net earnings, amid global trade tensions, challenges in the Chinese hog sector and a struggling U.S. dairy sector.
Qualcomm Inc said on Thursday it posted security bonds of 1.34 billion euros ($1.52 billion) in order to be able to enforce a court order that will ban sales of some Apple Inc iPhones in Germany.
U.S. stocks opened lower on Thursday, weighed by a drop in the technology sector after Apple Inc’s rare sales warning inflamed fears that the Sino-U.S. trade war and a slowing China economy would eat into corporate profits more than expected.
Grain trader Cargill Inc on Thursday reported a 20 percent drop in its fiscal second-quarter 2019 net earnings, amid global trade tensions, challenges in the Chinese hog sector and a struggling U.S. dairy sector.
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